A Crypto Policy Change
The announcement marks a striking contrast with the Biden administration approach, which has imposed strict regulations on the sector. Trump, who received significant support from crypto leaders during his campaign in 2024, positioned himself as industry champion. “I will make sure that the United States is the cryptographic world capital,” he said social truth.
Market reaction: The prices of cryptography increase
Trump’s declaration had an immediate impact on the cryptography market. Bitcoin has climbed more $ 93,000 compared to its previous level of $ 85,166. Ethereum has also seen gains, increasing by 13% to $ 2443. Meanwhile, Solana jumped 18% to $ 175.46, XRP climbed from $ 2.92 to $ 2.92, and Cardano saw the largest jump, jumping from 71% to $ 1.10, according to Coinmarketcap data.
How will the crypto reserve work?
Although the market has answered positively, there are still many unanswered questions about the operation of the reserve. Some experts assume that this could be funded by the US Treasury Stabilization Fund. Others suggest that this could involve assets seized in the implementation of the law.
There is also a legal uncertainty as to whether Trump can establish the reserve without approval of the congress. His administration, however, seems to go ahead despite everything. A summit of white house cryptography is scheduled for Friday, and Trump’s family would have launched its own cryptocurrency.
The role of Bitcoin and Ethereum in the reserve
Beyond the inclusion of XRP, Solana and Cardano, Trump also reiterated his support for the two largest cryptocurrencies. “And, of course, the BTC and the ETH, as other precious cryptocurrencies, will be the heart of the reserve. I also love Bitcoin and Ethereum! He said Trump’s announcement has injected new energy into the cryptography market, but experts have warned that sustained growth will depend on regulatory clarity and the federal reserve policy. Whether the reserve marks the start of a new financial era or just another market on the market remains to be seen.
